y8g9NkylxG's Posts - Page 2

Trading Psychology: The Key to Success in Forex in General Nov 06 at 12:27

Trading psychology is definitely crucial, but I'm a bit skeptical about prioritizing it over strategy and risk management. Emotions matter, but without a solid, tested approach, maintaining composure alone won’t lead to consistent success. Plus, even with a perfect mindset, some psychological advice feels generic. Consistently profitable strategies and effective risk control are arguably the stronger foundation. A balanced view might place psychology as a support to good trading principles, not necessarily as the primary driver.

Are EAs for Beginners? in General Nov 05 at 15:01

EAs can benefit both beginners and experienced traders. For beginners, EAs simplify trading by automating strategies and reducing the need to constantly monitor the market. They’re also a good way to follow signals and learn how trading systems work. Advanced traders, on the other hand, use EAs to enhance their strategies, increase trading speed, and reduce emotional bias. Ultimately, EAs can suit any skill level, but understanding risk management is crucial for everyone using automated trading tools.

small mistakes are big mistakes in General Nov 04 at 14:21

I get what you're saying about the difference between trading on demo and live accounts. The "small mistakes" we overlook can add up quickly, especially under the pressure of real money trading. Emotional control is key; it's easy to become careless in live trading if we're not fully aware of these moments. Reviewing our trades and identifying those “minor” errors can help us get sharper. How do you personally handle stress to stay more disciplined in live trading?

Trading Psychology: The Key to Success in Forex in General Nov 04 at 14:20

I completely agree—trading psychology is as vital as any technical analysis. Recognizing how emotions impact decisions can be a game-changer, especially during high volatility. Staying level-headed and disciplined helps avoid those snap judgments that often derail a strategy. Personally, I’ve found that reviewing trades regularly helps me stay objective and avoid letting fear or greed interfere.

How to remove an account from monitoring that does not belong to the account? in General Nov 04 at 14:18

Broker usually don't have facility to manage investor password, but the terminal on the contrary. Investor password can be always changed inside MT4/5 terminal, in settings.

How to remove an account from monitoring that does not belong to the account? in General Nov 03 at 11:40

I understand that you gave investor credentials to someone, he added that account to Myfxbook and made it public.Try changing investor password on that MT4/5 account first. That will cut off that person from any updates. When you can think on next step.

Golden Bug ICM in Trading Systems Nov 03 at 10:55

Hi SATrading,Thanks for clarifying your account setup and your approach. It’s great to hear that you’re focused on helping retail traders with realistic profitability strategies. I appreciate the insights into your master account structure, as it gives a better perspective on your trading approach.Regarding my martingale strategy, I understand it might not align with your views on long-term viability. It's all about finding what works best for each trader. Let's keep the discussion constructive and focused on learning from each other!Best,y8g9NkylxG

Do any forex brokers offer crypto deposit? in Crypto Nov 01 at 07:31

Many forex brokers now accept crypto deposits, including popular options like PrimeXBT and EagleFX. These brokers typically allow deposits in various cryptocurrencies, which can expedite withdrawal processes. If you're looking for zero transaction fees, you might want to explore specific platforms, like the Exworth PRO App. Always ensure you do thorough research on the broker's reliability and suitability for your trading needs.

What is the most important thing in a Trading Strategy? in General Oct 30 at 19:51

Oh I think I found out. In another thread, you replied to my post and said:"One thing is to have the EA still in testing mode (like I have my newbot); another thing is to have something ready to be used in real accounts and to show a demo. "Hopefully, the EA keeps up this good performance when it eventually moves to a live account.I have proven signal which is running on real capital. Approaching 100k USD on SignalStart (I can't provide a link, moderator is not letting outside links, I think). My second account on ICM, real capital of 5000 USD, is in my profile.

What is the most important thing in a Trading Strategy? in General Oct 30 at 19:47

Interesting approach, Gabriel. I agree that balance protection is crucial for long-term success. Curious though, why is your signal account a demo rather than a live account?Running a signal on a demo account has drawbacks because demo trading can differ significantly from live conditions. In a demo, executions may be faster, slippage is often absent - factors that all affect real-world trading outcomes. Without real capital at stake, it’s hard to gauge the true effectiveness and resilience of your strategy.

The Impact of a Federal Cut on Forex Trading in New Traders Oct 29 at 13:59

A federal rate cut can create unique opportunities and challenges for forex traders by making the USD less attractive, often leading to a weaker dollar and potential gains for other currencies, commodities, and carry trades. Monitoring the Fed’s communications, including FOMC meetings, and keeping a close eye on inflation and GDP data are essential. Effective risk management through stop-loss orders, hedging, and trade size adjustments can help traders navigate the added volatility. Staying informed and adaptable is key in responding to these changes in monetary policy.

what is your best trusted broker in New Traders Oct 29 at 13:58

I use:PepperstoneThinkMarketsICMRoboforexFusionMarketsVT MarketsAll are top dogs, rarely any issues.

Do you guys believe Trader have a fair chance, with the right education? in General Oct 29 at 13:57

Learning through trial and error is definitely a unique journey. Each mistake teaches a new lesson, but it also brings a level of risk and cost that could be minimized with the right resources. While books, webinars, and online courses provide solid foundational knowledge, the real value of mentorship lies in the practical, personalized insights that shorten the learning curve and offer clarity. By investing time in understanding proven strategies and effective risk management early on, traders can build a more solid and less stressful path toward consistent gains.

Best Trading Bot in General Oct 29 at 05:45

Link to my signalhttps://www.myfxbook.com/members/y8g9NkylxG/golden-bug-icm/11072076The other 460% profit one is on SignalStart.

Best Trading Bot in General Oct 28 at 21:01

I have to express my concerns about the V-Pilot EA’s alarming drawdown of 71.32%. Such a significant drawdown indicates a high level of risk that could severely impact your trading account. If this situation were to occur again, it could lead to substantial losses and affect your overall trading strategy.Moreover, one of the accounts is a demo. On that demo account, you chose to hide critical performance metrics such as Balance, Equity, Highest, Profit, and Interest. Without these key details, it's difficult to assess the true viability and performance of a strategy, leaving potentia...

FxNews—Bitcoin Technical Analysis in Crypto Oct 25 at 13:40

I'm trading Ethereum with a close watch on the $2,505 support. If it holds, I’m targeting $2,590 to capture the potential bullish momentum indicated by the Stochastic and RSI. My stop is just below $2,505, as a break there could push ETH back to around $2,459 or further to $2,330 if the bears strengthen. For risk management, I'm looking to tighten my stop if Ethereum gets close to the target, given the recent resistance around the 100-period SMA.

Trading Psychology: The Key to Success in Forex in General Oct 24 at 11:40

Trading psychology is indeed crucial, and it's what often makes or breaks traders. I've found that the biggest challenge isn't just sticking to a strategy but keeping emotions in check, especially during market volatility. Mastering your mindset, knowing when to step back, and avoiding impulsive decisions is key. It's an ongoing learning process, but staying disciplined and focused on long-term goals rather than short-term emotions can make a significant difference in your trading performance. How do you manage to stay composed during losing streaks?

price in New Traders Oct 23 at 13:45

myfxbook account is free. You can use it to track your own MetaTrader accounts, or participate in community discussions, for example.

Some thought on how to start trading... in New Traders Oct 23 at 13:44

It’s great that you’ve outlined the fundamentals so clearly for beginners, especially emphasizing the importance of starting small and practicing with demo accounts. One thing I’d add is that risk management can’t be overstated. Whether in forex or crypto, setting stop losses and not overleveraging are critical to staying in the game long enough to learn from both wins and losses. Consistency and discipline really make the difference in the long term. Keep learning, and the results will follow.

FxNews—Bitcoin Technical Analysis in Crypto Oct 23 at 13:43

The dip below $0.54 for XRP does point to continued downside pressure, especially with the technicals showing more bearish momentum. If it revisits the $0.507 low from earlier this month, it could signal a deeper correction. However, with XRP's tendency for sudden rebounds, a breakout above $0.56 could still shift the sentiment. In the meantime, watching how it reacts around key support levels like $0.507 will be crucial to understanding the next move.

EURUSD	1.04872	GBPUSD	1.27146	AUDUSD	0.63064
USDJPY	153.769	USDCAD	1.43252	USDCHF	0.89231

Posts by y8g9NkylxG